$4,263 Closing Credit*
$359,000
2,006 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jaleece Lavine, Listing Office: National Realty Centers, Inc
Is 48329, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 48329 has remained a Seller's Market.
Key Takeaway
48329 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 48329, MI
How much do homes in 48329, MI cost?
Median Sold Price
$285,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+9.6%)
Key Takeaway
Homes in 48329 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 48329 was $285,000 in October 2024, up 9.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $165K | +47.3% |
| 2 Bedrooms | $194.5K | $211.5K | +8.7% |
| 3 Bedrooms | $261.8K | $283K | +8.1% |
| 4 Bedrooms | $322.5K | $345K | +7.0% |
| 5+ Bedrooms | $292.5K | $780K | +166.7% |
Summary: 48329 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 166.7%.
Housing Supply in 48329, MI
How many homes are available in 48329, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 96 | -7.7% |
Summary: The 48329 real estate market had 96 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 15 | 9 | -40.0% |
| 3 Bedrooms | 61 | 57 | -6.6% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 48329 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48329, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 48329 in October 2024, down by 15.2% month-over-month. Of the 28 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 48329, MI
How long does it take to sell a home in 48329, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 17 Days | -13.8% |
Summary: Homes in 48329 had an average of 17 days on market in Oct 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 48329 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 48329; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.